GM moves step closer to bankruptcy
Company announces that few bondholders were interested in a plan to swap debt for stock. New ownership stakes take shape: U.S. to get nearly 70%.
1. What is this item about?
GM is moving closer to becoming bankrupt.
2. Why did you choose it?
GM-stockmarket crash, how the business and finance is falling apart.
3. Do you agree with what's happening in the news item you chose? Why or why not?
I dont tthink that this is an issue to agree or disagree with it is just fact it is what is happening to this company. It is not like the people reall yhave much to do with it. It is not our fault that they are in debt its the banks giving out loans that the 'bad investors' can not pay back.
4. Do you think the information has been presented fairly? Why or why not?
Yes, I think the information sas been presented fairly. The article has said whats going to be done with the GM company and how the U.S. is now going to be spending the money with GM.
5. Would you use this news source again?
Yes CNN is a good source of news. It is easy to understand.
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Emily, It’s true we can’t help GM’s bankruptcy, but we can still have an opinion about it. I think it’s unbelievably sad, especially for workers and their families. I keep thinking about “Roger and Me” from the beginning of the semester. Your survey was brief, but the article was kind of hard to follow. Too many numbers, not enough explanation.
ReplyDeleteGrade: 9/10